Daily Market Highlights (28.09.10)

  • Local equity market back into positive territory albeit across low volumes. MSE Share Index up 0.3% to close today’s session at 3,372.544 points as the share prices of HSBC and MIA gain. Meanwhile, the only other active equity, BOV closed unchanged. Download a copy of today’s Equity Market Summary.
  • Central Bank of Malta Stockbroker lifted its bids prices for Malta Government Stocks as the benchmark 10-year Eurozone yield slips to the 2.3% level this morning on renewed doubts on the ability of European countries, particularly Ireland, Portugal and Greece, to service their debts. Following today’s increase in the bid prices, the stocks maturing in 2020, 2021 and 2022 are now at a new all-time high.
  • Sharp increase in trading activity across the 20-year government paper. Volumes reach almost €2.5 million (nominal) as the bid price published by the Central Bank of Malta increased to 104.53% – just 13 basis points below its all-time high.
  • HSBC share price up 0.7% to regain the €2.86 level on just a single trade of 3,000 shares. Further offers remained unsatisfied at the closing price whilst best bids still pitched at the €2.84 level.
  • Meanwhile BOV maintains the €3.24 level across 3,961 shares. Best bids still in the market at €3.161 whilst lowest offers now placed at the €3.26 level.
  • MIA recovers some of its recent declines as its share price rises by 1.3% to €1.54 on volumes of just under 5,600 shares. Further offers outstanding at the last trading price whilst best bids now pitched at the €1.50 level.
  • Tomorrow is the closing date for IHI shareholders to sell their bonus share entitlement back to the company at the nominal value of €1.00. Equity inactive today with best bids already placed higher than the last closing price of €0.81 whilst lowest offers still pitched at the €0.90 level.
  • Simonds Farsons Cisk plc is expected to report its July 2010 interim financial results tomorrow.

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